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The rich don't pay fewer taxes in absolute terms. They may pay a lower percentage of taxes on wealth gains than middle class or upper middle class, due to bein
by Nevermark 10y ago
The rich don't pay fewer taxes in absolute terms.
They may pay a lower percentage of taxes on wealth gains than middle class or upper middle class, due to being able to delay income realization, lower capital gains taxes, and other means that are more accessible to the rich than the middle class or the poor.
But rich people still tend to pay more taxes than less rich people.
- PaulRobinson 10y agoDemonstrably not true in absolute terms in many cases, or as a percentage of income in others. Spend 15 minutes talking to an accountant on the premise that you don't want to pay any tax. If you've got enough cash, that's not a problem, anywhere in the World.